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good morning from cnn london, i'm nina del santos. >> and good afternoon from cnn hong kong, this is "world business today." we're following two big stories for you this friday, march 18th. in japan, urgent attempts to avert a nuclear crisis enter a second week at the fukushima daiichi plant. workers douse one of the rea reactors with a water cannon.
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in libya, gunfire in benghazi. but this time in celebration. rebels are rejoicing. but fears of retaliation by moammar gadhafi's forces are pushing the price of oil higher of. so let's go straight to one of our top stories. the u.n. security council has put moammar gadhafi on notice that it will no longer permit his military bombardment of rebel positions from the air. while the council approved a no-fly zone on thursday authorizing "all necessary measures to protect civilians," libyan's ambassador to the united nations warmly welcomed thursday's revolution. he sides with the opposition and has called on gadhafi to step down. >> i would like to start by thanking the members of the security council for the resolution today.
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it is a clear message -- it is a clear message to the libyan people that they are not alone, that the international community is with them and they are going to help them to protect themselves. >> well, people in benghazi celebrated the security council's action with fireworks and gunfire. with gadhafi's forces already positioned only 160 kilometers away, they've been expecting a massive assault. more on that story a little later on in the program. firefighters have resumed pouring tons of water on the most dangerous reactor at japan's crippled nuclear power plant. water trucks began the latest attempt to cool overheating fuel rods at the fukushima daiichi nuclear power facility. they're spraying unit number three where water levels may have dropped in a spent fuel rod
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p pool creating a massive radiation risk. this aerial video was released of the power plant with close-up shots of several reactor buildings. you can see the extensive damage explosions there have caused. in the meantime, electricity crews are trying to reconnect the power to two less volatile reactors hoping to restart their cooling pumps. the plan would then be to extend electricity to the two more dangerous ones, reactors three and reactor four. >> i don't think the reactor four is about to blow up or anything. we don't really have the accurate insight information. we are trying to find out. that's why we are trying to tackle on the other three reactors so we can approach to reactor number four. this situation might hold for a while, but it's not going to blow up anything. >> it's now been one week since the magnitude 9 earthquake and
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the massive tsunami that struck japan following that and severely damaged also the nuclear plant in question. stan grant is in our tokyo bureau and joins us now live with a report of the latest. stan, let's start with that situation at the fukushima plant where, of course, radiation levels have been peaking and troughing over the last few days. what's the latest on the ground? >> reporter: yeah, nina, covering this story each day, it has seemed to switch and move almost by the hour. and they're starting to take now some sense that it may be turning. a little bit in their favor. they're being very cautious about this because things can switch back again. but what are we seeing now? we're seeing water get into the reactors for the second day. able to drop from the helicopters yesterday and off the back of trucks yesterday not using helicopters. also hearing plants number one, five, and six from the safety agency describing them as
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relatively stable. and also, the power supply. if they can get that functioning and then get the cooling systems working again effectively, and they can really start to bring down the heat in these reactors which, of course, have been at the source of this problem. now, still though to talk about numbers three and four, number three, there has been fear of a rupturing or some damage to the containment vessel which, of course, protects the core of the reactor. also in number four, there is a pool containing spent fuel rods where the water may or may not have evaporated. if that is the case, the fuel rods may be exposed and that may also pose potential risks. so still a lot of challenges ahead, nina. >> stan, there have been mixed reports about how the japanese government has handled this crisis. we've had reports that people are lacking food and water in the affected areas. how is the japanese government perceived over in japan in terms of how it's responded?
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>> reporter: well, first of all, we need to put this into context, don't we? dealing with a natural disaster is hard enough, just an earthquake, add a tsunami to that, add a nuclear crisis to that, 500,000 people homeless, people evacuated from their homes, people who have had their homes destroyed. an enormous search and rescue effort underway. it is a lot to ask of any country. that being said, there have been legitimate questions asked about the flow of information, the ability of the government to handle this and be able to inform the public and stop the spread of fear. and one of the things we've noticed with the nuclear story, quite often there's a time lag in the events there. and quite often, as well, a lack of detail. and that's led to a lot of speculation particularly when it comes to radiation levels. they had been rising and dropping sharply. and a lot of speculation about what exactly is contained in th that radiation. that lack of information or that
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gap in the information flow is where a lot of people are putting their fear and it's breeding a lot of mistrust. nina? >> stan grant, thanks very much for that update there from our tokyo bureau. japan is getting some help on another front. for the first time in more than a decade, the group of seven nations has agreed to intervene to help japan slow down the rise of the yen. take a look at what's been happening to the dollar/yen movements so far today. on this graph, the higher the line, the weaker the yen. and the yen is, in fact, weakening. in fact, start here at 5:00 a.m. this morning when the yen was trading at about $78.87 and then three hours later, look at this, the time of the g-7 announcement, the yen weakened sharply. so when it goes up, that actually means the yen has weakened. right now, it's trading at about
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81.70, and this is what japan wants, a strong yen cuts into the profits of japanese companies that do business overseas, which could severely hinder japan's ability to recover from last week's earthquake and tsunami. now, the last time we saw this kind of coordinated action was back in september of 2000 when the g-7 tried to prop up a declining euro. but a strategist we spoke to today says this may only be a temporary fix. >> well, i think it has more gravitas if you like in terms of the market. at the end of the day, the move in the yen to strength has been going on for weeks and months before the unfortunate events of the past week. really i think all that's likely to happen is intervention will perhaps stop strengthen the yen generate some short-term reversal for a little while. but generally i think the yen is probably going to stay
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reasonably strong. >> and remember, japan is a huge exporter country and relies on exports for much of its economic growth. think of brands like toyota, hon honda, and sony. in the g-7 joint communique today, the finance ministers basically said yes, japan, we will help you out in a concerted intervention. and they also said access volatility and disorderly movements in exchange rates have adverse implications for stability and we will monitor exchange markets closely and we'll cooperate as appropriate. so, nina, that's the communique from the g-7. >> when you say other countries are intervening, what is it exactly they're going to be doing? >> that's a good question. and i asked that exact question to the chief foreign exchange strategist for barclay's capital in tokyo, he says it's still unclear but most likely the g-7
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countries and the european central bank will intervene in the dollar/yen market. this will weaken the yen. another possibility, buying more euros and selling the yen. it depends on the currency of the country. he also says it's not clear how much money is involved. the central banks don't reveal that immediately. so how did the markets react to this announcement? well, the nikkei closed the session up 2.7% today, which will help temper some of the losses for the week, though, the nikkei is down around a little over 14%. and that positive sentiment spread throughout the rest of the region, as well. let's take a look at how the major markets in the asia-pacific region did. they finished with gains following the g-7 news. steel makers led the gains in seoul on the kospi ended up by more than 1%. energy stocks were some of the big winners in sidney there as
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the price of oil soars. the shanghai composite up by about .5%, and the hang seng here in hong kong, just up fractionally. nina? well, pauline, it's a similar picture here in europe. stock markets just getting moving. ten minutes into the trading session, and they finished across the board higher yesterday on thursday. as you can see -- excuse me, yes, on thursday and as you can see today on friday, final trading of the week, they're putting on hefty gains, particularly for the cac 40 and also the dax. now, after two days of heavy losses as the nuclear crisis continues to unfold in japan, u.s. stocks also ended the day higher on thursday. investor sentiment was lifted by an upbeat look. here's how the numbers settled. take a look at that, dow jones industrial average adding 1.4%, broader gains and also the nasdaq closing up .75% higher.
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u.s. markets look set for a higher open when trading begins later today. this is where u.s. futures stand at the moment. we could see the dow jones industrial average opening up by .8% higher, nasdaq composite potentially putting on a gain of 1%. at the moment, futures indicate we could see the broader s&p rising about .8%. those markets poised to start the day higher, pauline, but nothing could happen between now and the opening bell. >> yes, but hopefully this is starting a trend. well, just ahead, the u.n. steps up the pressure on moammar gadhafi. but how much will the security council's resolution help the rebels in the eastern part of the country? we'll check out the situation there in just a moment. [ sneezing ] ♪ [ male announcer ] what are you gonna miss when you have an allergy attack? benadryl® is more effective than claritin® at relieving your worst symptoms and works when you need it most.
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nymex crude has shot back up over $100 a barrel on the unrest in libya there. it's now going for about $103 a barrel in electronic trading. and brent crude for april delivery is also on the rise there, it's currently up $1.33 trading at more than $116 a barrel. hello, welcome back from cnn london and hong kong, this is "world business today." let's return to our other developing story today, a french government spokesman says that air strikes against libya could come "swiftly." those comments came in an interview just in the last hour. his comments come after a u.n. security council revolution approved the use of "all necessary measures" to protect libyan civilians. ten council members including the likes of the united states and britain approved the no-fly zone measure, but there was no
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opposition. five nations abstained, though. libya's ambassador to the u.n. who now opposes gadhafi's rule joined other diplomats in praising the other nations as a timely message to the libyan leader. >> we are glad this resolution is passed and now the people of benghazi will feel safe from this time on. and all of our citizen in the eastern part of libya can now enjoy their lives and feel that they are safe because the international community is with them. >> this resolution should send a strong message to colonel gadhafi and his regime that the violence must stop, the killing must stop, and the people of libya must be protected and have the opportunity to express themselves freely.
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let's take a look at the key details in the scope of that u.n. resolution in a bit more detail now. as you can see, it demands immediate cease-fire in libya and also end to attacks on civilians also authorizes member states to take "all possible measures" necessary to protect civilians. but it also includes an occupation force. establishes a no-fly zone, except for humanitarian flights to the country. flights for evacuating foreign nationals, and also flights necessary to protect seevillians. other measures include tougher enforcements of an arms embargo. and the freezing of assets linked to the gadhafi regime. the resolution passed with, as you can see, ten yes votes. the resolution's adoption is
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good news for libya. the stronghold of the opposition to colonel gadhafi. people there erupted into spontaneous street celebrations last night. it happened just when a massive land and air assault was expected from gadhafi's forces. world leaders are wasting in time in acting upon this resolution. david cameron was on the phone with barack obama and nicholas sarkozy after the vote. phil, how soon could all this be implemented? >> well, nina, in theory, as early as today. in a practical sense, it might take longer than that. that remains one of the key unknowns in this scenario. just when it will start. but along with that, who is going to be involved. which countries are going to take part, who will have command and control, and what role will the united states play? as well as the very possibility
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of whether arab countries will be involved. will we see arab military forces taking action against brother arab state? a lot to still be discovered in the coming days and hours. the reaction here in britain, though, has been welcoming. has been among the forces selling this to the world in recent weeks. let's take a listen now to william haig just after that u.n. vote. >> we have said all along that gadhafi must go, that the libyan people must be able to have a more representative government, and determine their own future. and it is necessary to take these measures to avoid greater bloodshed and to try to stop one is happening in terms of the attacks on civilians on the people of libya. >> now, in selling this to the world, britain has been talking about three necessary criteria. they are demonstrable need, a clear legal basis, and as well
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as that strong regional support. the british government says those criteria have now been fulfilled. so we wait to hear more, likely in the coming day with the british prime minister meeting with his cabinet today and expecting a statement today. >> ten yes votes, nobody opposing this, but among them, the usual suspects. >> russia and china, their objections have been long stated to it. they don't like the idea of foreign intervention in internal conflicts generally. the interesting abstention, germany. in the end it chose to split from the other european powers. its reasoning generally is it does not think this is a guaranteed easy fix. you can want can't rule out, they say, high civilian casualties, nor the possibility of this developing into a messier, wider long-running
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regional dispute. but in the end, it didn't matter, the u.n. got the votes it needed. we wait to see how it'll be enforced. >> pauline? well, we're going to head back to japan after this break. far from the horrors of japan's tsunami zone, daily life for millions of people is far from what it once was. we'll show you what it takes to survive in a nation struggling with one of the worst natural disasters in its history. ify, i was taking an antidepressant alone. most days i could put on a brave face and muddle through. but other days i still struggled with my depression. i was managing, but it always had a way of creeping up on me. i felt stuck. i just couldn't shake my depression. so i talked to my doctor. he said adding abilify to my antidepressant could help with my depression, and that some people had symptom improvement as early as 1 to 2 weeks. he also told me about a free trial offer from abilify! now i feel more in control of my depression.
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in japan, hundreds of thousands of tsunami survivors are still in shelters in the quake zone. national broadcaster nhk is reporting that nearly 10,000 people have been evacuated from fukushima where that crippled nuclear plant is located.
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they've been relocated to neighboring prefectures. local authorities say 25 of those people have died in the shelters, most of them were elderly hospital patients. welcome back, you're watching "world business today" live on cnn. the natural disasters in japan are affecting business operations right around the world. here's just one example of that. if you're heading off to a nissan dealer, besides your wallet you should take an account. it's monitoring vehicles made in japan for traces of radioactive material. well, a spokesman says the car maker's taking appropriate measures to make sure they are within globally accepted safety standards. honda's been saying it will keep its plants in japan closed until march 23rd. the carmaker said it would resume production on sunday and the "wall street journal" reports that honda is reporting
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u.s. dealers it's not sure it will be able to resume production at certain plants before may. honda's already stopped accepting orders for several models. and general motors says that a truck assembly plant in the u.s. state of louisiana will shut down beginning today for an undetermined length of time. and that in turn is because it can't get hold of certain parts from japan. well, business is also being hit hard when it comes to basic materials. reiters is reporting the plant near tokyo may be shut until mid-march. that comes as they suspend service of three of japan's tsunami-hit ports. services to and from sendai, hachinohe and onahama are stopped. the u.s. expects to send less food to japan, simply because
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these hard-hit areas will be so difficult to get to. and maersk also warns that services to tokyo could be delayed, as well. the world is wasting in time in reacting to the events playing out in libya. in the u.s. and europe, national leaders are planning how they'll impose the no-fly zone resolution. and returning to what little is left of what used to be their homes. we'll have plenty more to come on "world business today." stay with us on cnn.
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from cnn london, i'm nina del santos. >> and i'm pauline chiu in hong kong. we want to update you now on a story. the u.n. security council has approved the resolution imposing a no-fly zone over libya. the vote, ten countries in favor with five abstaining and no opposition also authorizes "all necessary measures" to protect civilians, enforcing an immediate cease-fire and freezing the leader assets. they watched the vote on big screen and celebrated in the streets. the anti-gadhafi crowds had been asking for international action against the gadhafi regime. despite being outnumbered and outgunned, the opposition still controls libya's second largest city. and as we've been reporting, the
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u.n.'s decision has sent the price of oil surging. prices have recovered from losses earlier in the week as investors increasingly turned their attention from the crisis in japan back to the temperature money in libya and in the middle east. right now nymex crude is up about $2 going for about $103.13 a barrel in the electronic trading. and the price of gold is also on the rise. at the moment it's up nearly $7, trading at around $1,414 an ounce. nina? well, pauline, it's still unclear how the no-fly restrictions will be implemented, but the threat they pose to libya's military may complicate the government's advance against rebel positions. libyan air force jets have bombed benghazi's airport destroying planes on the tarmac and gadhafi is vowing to end the war on his terms.
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>> translator: okay. let the whole world launch war against us. bomb us even with atomic bombs, this is our country, we'll never give up our dignity, unity, our people, our children, our youth. it's over. we have taken a decision. we're coming. you start from there. get ready tonight. >> oarwa damon has more. >> reporter: people realize that they're dealing with a man, gadhafi, who they say is extremely unpredictable. he's a man known to carry out massacres against his own people in the past. he's not hesitated to use excessive force in this entire uprising. we've seen it as he has tried to quell the uprisings, quell the opposition in a number of cities and towns across libya. people have been saying this was a long time in coming, but at
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least now they know that if gadhafi were to try to carry something out, the international community is standing behind them. and they do believe that will give them an even greater power to be able to stand up against him. it is of great concern, of course, how this is going to be unfolding here. what time frames are we talking about? how long does the opposition have to try to hold out? this is not an opposition that ever said it wanted to fight. these are by and large a group of young men who only learned how to fire their weapons in the last few weeks. these were demonstrations initially started out peacefully until people say gadhafi's loyalists turned their guns on them. the opposition wants nothing more than a peaceful end to this. they negate any sort of mention that this is going to create some sort of strife amongst the people. that's not what they're looking for. they're looking for freedom and democracy. and the gunfire you're hearing
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there still sell celebrating. we have an eye-opening number for you right now. a week after japan's greatest natural disasters and an ongoing nuclear crisis shattered the country, barclay's has estimated the economic cost of the disaster for japan. and it's a very big number. it's somewhere between $144 billion and $204 billion. that's 12 trillion to 17 trillion yen or between 2.4% and 3.4% of japan's total gdp. >> and pauline, those kinds of numbers mean little to those who hardly have anything left right now. some survivors are trying to pick up what's left of their lives. our brian todd has more from the
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small town along japan's northeastern coast where we were just saying villages are trying to do just that. >> reporter: in a matter of minutes, there was almost nothing left. the coastal town stood squarely before the tsunami's ferocious energy and seemed to suffer like no other place. other cities in japan could claim that at least some of their neighborhoods survived. not here. we're at a rare vantage point where you can actually visualize the force and scope of this tsunami. look, it knocked the railroad track off, it was that powerful. and look all around me, the sweep of this is incredible. it came in off the inlet within minutes and destroyed everything for as far as you can see. some local residents who escaped are back. they seem still in shock as they start to pick through their homes. describe how you feel about what this has done to your home? your town?
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>> translator: surprised. it was the first time during my 75 years of life. and i was really upset and i was really scared. >> reporter: but in some cases, people exhibit almost unfathomable behavior, combing through homes that aren't there, doing menial tasks seemingly just to maintain their sanity. in the midst of this carnage, what good could it do to shovel debris from one side of the walkway to another. just a few feet away, one visitor isn't surprised. an emergency medicine specialist with the l.a. county search and rescue team has seen these patterns in haiti and after the tsunami in sri lanka. >> reporter: what are they doing? >> it's a catastrophic incident, a horrendous thing, something that's totally out of anyone's experience, so trying to piece
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back together those things that were normal for you is a big part of the healing process and starting that process of recovery. >> reporter: a japanese official tells us people in this town are known for being provincial, not venturing out, keeping to themselves. so their lives have been disrupted and destroyed on two levels. they've lost their homes and had to be displaced. take up residence while thinking of everything they left behind. and those residents there have yet another challenge. there are fears now about flooding in coastal areas in japan. for more on that ivan cabrera from the international weather center. yet another challenge for them. >> good to see you, pauline. indeed. we do have coastal flooding an issue here for the weekend. in fact, it's already happening. we have flooding ongoing. i'll show you some pictures here in a couple of seconds. right along the coast, nothing to do with the tsunami.
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nothing to do with aftershocks or earthquakes that have come after the 9.1. but all to do with the initial great 9.0. essentially the coast of japan has sunk, so now it is more susceptible to the normal high tides, which has already happened. and then we're going to complicate things even more for this weekend. and we have again these spring ties which happen twice a month. that is when we have the sun, the earth, the moon all aligned. that's going to happen this weekend. so asts astronomically higher . so it is going to be pulling even more so, right? and that means our normally high tides are going to be even higher. for the rest of us, just an amazing sight up above the sky on march 19th. for our friends in japan, we have issued a tidal surge
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advisory for the potential of additional coastal flooding. we've already had flooding. take a look at this again. you've seen these pictures just heart breaking here to see water where it shouldn't be unrelated to the tsunami, unrelated to anything just the tides that are now impacting the region as a result of japan sinking because of the 9.0 earthquake. i will leave you with good news. all right. here we go. the northwest wind that has brought the snow and the horribly cold conditions for the hundreds of thousands that are without power, that's ending now in significant fashion. our temperatures well below zero, in fact, are going to go above normal for this time of year. area of low pressure departs and here comes our high, a southwesterly wind, right, and the northern hemisphere means a warm wind direction, and that's exactly what's going to be happening. in fact, this weekend, we will rebound nicely with temperatures in the low teens and overnight lows staying above zero.
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so certainly excellent news there for the recovery efforts, of course, that are ongoing. >> right. even just a slight rise there would be appreciated. thanks so much, ivan. and staying with japan, the yen has been on a wild ride in the past week since the huge earthquake rocked the country. but now, it looks like there may be calmer times ahead. we'll tell you why after the break. nationwide insurance. talk to me.
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from cnn london and cnn hong kong, welcome back to "world business today." japanese police have just raised the official toll of the dead and missing from the nation's massive earthquake and tsunami. search crews combing the widespread wreckage across northeastern japan now report that more than 6,500 people are
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confirmed dead. more than 10,000 others are still reported missing. the nation paused at 2:46 in the afternoon local time today on friday for a moment of silence to mark one week since that magnitude 9.0 quake struck. the tsunami that followed knocked out the power to the fukushima daiichi power plant. but right now, officials say radiation coming from the plant is not at harmful levels. >> translator: as a whole, the radiation measurement has not been serious -- serious enough as to have health effect. although some readings are high, but these values are not the ones that pose direct human threat today. but this all depends on other
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conditions, environmental monitoring conditions. >> meanwhile, on the currency markets, japan is getting help from abroad. for the first time in more than a decade, the group of seven nations has agreed to intervene to help japan slow down the rise of the yen and to give exporters a shot in the arm. also today on friday, the bank of japan said that it's pumping another $37 billion into the financial system. that's a total of $467 billion in just five days. the bank of japan's governor says it'll do whatever it takes to shore up the economy. >> the bank of japan will pursue powerful monetary easing, and to ensure stability in financial markets, we'll continue to provide ample liquidity. >> so this ongoing intervention from the boj and the coordinated joint action from the g-7 helped to lift the nikkei 2.7% on
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friday by the close of the session. that will help to mitigate some of the losses from the course of the week. now japan's benchmark index is down 14% total on the week. that improving sentiment spread through the rest of the region, as well, through the asia/pacific markets. all the major markets finished with gains following the g-7 news. steel makers, seoul up higher than 7%. as well as mining stocks in sidney as the price of oil soars. so, nina, looks like all the indices here are reacting quite nicely to that announcement from the group of finance ministers. >> similar situation here, as well, pauline. let's get more on that joint currency intervention by japan and, of course, the rest of the g-7 nations. and to do so, we're joined by adam cole in london. and, adam, first up, this is the
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first type of intervention we've seen from g-7 countries since back in the year 2000. it's pretty important, isn't it? >> it is, yes. and i think there was clearly within the g-7 feeling they needed to be seen to be doing something to help japan in that commitment that we saw overnight very much fulfills that objective. it is a significant move, and i think it takes much of the short-term pressure off the end from here. >> what are they going to be doing? buying dollars? or dollars and euros? >> i think primarily the intervention is likely to be in dollars. and they're likely to be buying as long as the rest of the world is selling. there's not an objective to push it down. but reverse the gains. so far that is necessary to keep the yen in a relatively time
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range from here. >> they've done that. now, last time there was an earthquake that was similar to this in kobe, 1995, the yen appreciated by 20%. could we see much more intervention from here on? it'll be expensive, won't it? >> yes, though, i think the risk is that we probably do see more from here. certainly if the yen comes under significant upward pressure. again, i don't think we'll see a move of the magnitude we saw post kobe. there was much going on in financial markets beyond just the earthquake then and the dollar was under significant pressure across the board. not just against the yen. so i don't think that we'll see a move of that magnitude. and we'll need that magnitude. but i do think the speculation that japanese investors will be bringing assets back home is something that will go on for weeks and months, and that's something they may feel the need to neutralize in the coming weeks. >> of course, adam, this couldn't come at a worse time
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with japan reeling from the tsunami and the earthquake, this makes exports even more expensive for japanese companies, and the cost of importing services to help in the cleanup effort more expensive too. >> the intervention has that effect in that there is a positive side of yen appreciation, downward pressure on commodity prices in yen terms. another reason i think the authorities objective is not to engineer yen weakness because there are positives as well as negative aspects of that. i think the objective is very much to engineer stability and stability in certainty is probably the best -- the best they can deliver for the export sector going forward from here. >> adam cole, head of foreign currency strategy at rbc, thank you very much for joining us there with your take on the yen. let's get another look at how european stock markets have been fairing and reacting to those currency moves as pauline was telling us, things fairing quite well in hong kong and also
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across tokyo when those markets shut. but as you can see, markets here trading higher at the moment adding to early morning gains. we've got the smi and zurich up by nearly 1%, similar situation for the cac 40 and also the dax in germany. well, u.s. stocks rebounded on thursday after two days of heavy losses on the back of japan's nuclear emergency. an upbeat outlook from the market, here's how the numbers settled. the dow jones industrial average adding around 1.4%, the nasdaq closing .75% higher, pauline. well, nina, for the past week as we've known and seen, the world has been transfixed by the disastrous events in japan. and now people all over the world are reaching out to help. we'll have more details on this after this break.
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you can't see or hear or anything. >> radiation affects our body. and i don't know, people say okay. but if we wait, we never know what we're going to get later. >> thousands of foreigners lined up to apply for re-entry visas on thursday. non-japanese citizens need them if they want to leave the country temporarily and then return. japan's immigration bureau says it has issued more than 10,000 permits so far this week. well, a week ago, life for millions of people in japan was thrown into tragedy and chaos. and disruptions to daily life are being felt far from the quake and tsunami zones. for instance, we've been seeing periodic power blackouts to conservative electricity. >> the power cut has been cut off as scheduled. and we can see now traffic is
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being controlled by the police. the traffic lights are out. but everybody maintaining fairly decent order. >> well, that was our reporter and english teacher peter kimani who lives in a tokyo suburb. he says many things in every day life have been affected like showering and heating the house. he also says demand for bicycles has gone way up. and these scenes are increasingly common at intersections. a lone policeman directing traffic. but as other aspects of japan's orderly society, there haven't been reports of orderly fender benders. and a writer and english teacher in tokyo has been documenting the aftermath and sent in photos he shot on thursday. one is a line at a bread shop, and these kind of lines show us everything about the disasters that we've seen in japan and how
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it's affecting everybody's every day lives, pauline. >> the amount of patients they have is truly very impressive. well, we want to take a look now at the latest efforts to help the people affected by the natural disaster that's hit japan. 91 countries are involved in getting help to those in need. the u.s. says it has authorized $35 million for humanitarian aid to go to japan. france has announced it will welcome japanese nationals in need of help. dozens of organizations are also working on the ground. the group samaritan's purse will airlift 90 tons of emergency supplies today. well, if you want to help the disaster victims in japan and you own a smart phone, check this out. throughout our coverage here on cnn, we're going to be showing you special black and white codes. this is one on the screen right now as you can see. if you scan this image with your
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smartphone, it loads our impact your world website automatically. no typing there required on your phone. you'll find links to charities helping disaster victims right across japan. we'll air this code throughout the day on cnn. do keep those smartphones handy if you want to do your bit for victims of that disaster in japan. that's it for today's edition of "world business today." >> thanks for joining us. "world one" is coming up next.
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World Business Today
CNN March 18, 2011 4:00am-5:00am EDT

News/Business. Colleen McEdwards, Pauline Chiou. The day's global business news with a focus on international business and market trends.

TOPIC FREQUENCY Libya 15, Gadhafi 12, Pauline 10, Nina 9, U.n. 9, U.s. 9, Tokyo 8, Japan 7, Us 6, London 5, Hong Kong 5, Cnn 4, Benghazi 4, Moammar Gadhafi 3, Honda 3, Fukushima Daiichi 3, Britain 3, Adam Cole 2, Nina Del Santos 2, Stan 2
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